Operator
Greetings and welcome to The Home Depot s first-quarter 2021 earnings call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator instructions] As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Isabel Janci. Please go ahead.
Isabel Janci
Vice President-Investor Relations
Thank you, Christine, and good morning, everyone. Welcome to Home Depot s first-quarter 2021 earnings call. Joining us on our call today are Craig Menear, chairman and CEO; Ted Decker, president and chief operating officer; and Richard McPhail, chief executive president and chief financial officer. Following our prepared remarks, the call will be open for questions.
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Author Bio
Neil Patel is a long-term investor focused on finding the next compounding machine. His investing philosophy is simple: find high-quality companies, don t overpay, and do nothing. He covers consumer goods companies for The Motley Fool.
E-commerce revenue has risen over the years and now accounts for roughly one-fifth of all retail sales (excluding restaurants, cars, and gas) in this country. And according to a new report from
UBS, approximately 80,000 stores are expected to close in the U.S. over the next five years. In short, the retail industry is going through a major upheaval with lasting consequences.
The poster child of this secular trend is
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Author Bio
Neil Patel is a long-term investor focused on finding the next compounding machine. His investing philosophy is simple: find high-quality companies, don t overpay, and do nothing. He covers consumer goods companies for The Motley Fool.
Home Depot (NYSE:HD) has been a winning stock for investors for a long time, returning 110% over the last five years. It is the leader in the home improvement industry, generating record-breaking sales of $132.1 billion in the recently ended fiscal 2020, much more than its rival,
Lowe s.
Even though it s widely known that Home Depot is an outstanding business, the stock has lagged the